Pound Rupee forecast page 3 - GBP INR

Following the surprisingly split Bank of England (BoE) vote on interest rates the Pound Sterling to Indian Rupee (GBP INR) exchange rate remained on a stronger footing. BoE Policy Meeting Split Boosted GBP Demand Confidence in the Pound was strongly boosted by the fact that known hawk Kristin Forbes had voted in favour of a 25bpt...

Thanks to a sharper slowdown in wage growth than investors were anticipating the Pound to Indian Rupee exchange rate remained under pressure. Even though the UK unemployment rate continued to fall this was not enough to particularly improve the mood towards Sterling, with the Bank of England still expected to take a cautious view at its...

GBP Losses Persist as OECD Offers Mixed Outlook The Pound has dropped against the Indian Rupee today due to uncertainty about Wednesday’s Spring Budget, which comes at a historic time in the UK economy. As well as coming over 6 months after the EU Referendum vote to leave the EU, the budget is also sandwiched on the other side by the...

GBP INR Exchange Rate Climbs on News of Rising UK Manufacturing Production Activity The morning’s UK ecostats have proven beneficial to GBP INR, with rising manufacturing production figures in December boosting support for Sterling. Other data has seen annual industrial production more than double from 2.2% to 4.3%, while the December...

After the Bank of England (BoE) Inflation Report failed to raise the odds of an imminent return to monetary tightening the Pound Sterling to Indian Rupee (GBP INR) exchange rate was prompted to trend lower. Weaker Economic Momentum Weighed on GBP Confidence in the Pound weakened further after the UK Services PMI proved softer than...

The British Pound to Indian Rupee exchange rate failed to return to the week’s best levels on Friday afternoon, as markets began to doubt Trump would take any immediate action after becoming US President in the evening. As a result, investors took one last dip in risky emerging market currencies like the Indian Rupee, though the currency...

The Pound to Indian Rupee exchange rate climbed out of its worst weekly levels on Tuesday afternoon as the week’s Sterling bearishness faded, as did demand for risk-correlated currencies like the Rupee. Comments from the leader of the UK’s Labour party, Jeremy Corbyn, advocating for EU single market access boosted hopes from investors...

Pound Sterling Exchange Rate Update: Uncertainty Persists for GBP after BoE’s Shafik Mentions Further Stimulus Measures The Pound has failed to post much of a gain against the Indian Rupee (GBP INR) today, instead fluctuating against the currency in the face of investor instability. The latest knock to confidence in the Pound has come...

British Pound Exchange Rate News: GBP Losses against the Rupee (INR) Follow Falling Wage Growth The Pound has fallen by a small amount against the Indian Rupee during trading today, having dropped from an initial high of 89.22 to a new low of 88.19 over the course of trading. The latest UK data has included a rising number of jobless...

The Pound to Indian Rupee (GBP/INR) exchange rate has fluctuated higher since markets opened this week, defying an otherwise solid Indian Rupee. The Rupee surged on Monday amid cheer for the Reserve Bank of India’s (RBI) new Governor, but rebounded on Tuesday allowing Sterling to easily advance. GBP/INR has seen mixed movement in recent...